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2023
Flag → Flag
Exports $20MRnk 74 / 201
2023
Flag → Flag
Top Product $3.39MOrthopedic Appliances
2023
Flag → Flag
Exports $141MRnk 43 / 171
2023
Flag → Flag
Top Product $114MPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Philippines-Oman Trade: In 2023, Philippines exported $20M to Oman. The main products that Philippines exported to Oman were Orthopedic Appliances ($3.39M), Broadcasting Equipment ($3.11M), and Low-voltage Protection Equipment ($798k). Over the past 5 years the exports of Philippines to Oman have increased at an annualized rate of 8.73%, from $13.2M in 2018 to $20M in 2023.

In 2023, Philippines did not export any services to Oman.

Oman-Philippines Trade: In 2023, Oman exported $141M to Philippines. The main products that Oman exported to Philippines were Petroleum Gas ($114M), Semi-Finished Iron ($14.8M), and Gypsum ($4.8M). Over the past 5 years the exports of Oman to Philippines have increased at an annualized rate of 10.9%,  from $83.9M in 2018 to $141M in 2023.

In 2023, Oman did not export any services to Philippines.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $1.36M and imported $316k from Oman, resulting in a positive trade balance of $1.05M. Between July 2023 and July 2024 the exports of Philippines have increased by $657k (93.1%) from $705k to $1.36M, while imports increased by $66.5k (26.7%) from $249k to $316k.

Trade In July 2024, the top exports of Philippines to Oman were Baked Goods ($101k), Aircraft parts (gliders, balloons, and powered... ($78.1k), Pasta ($29.5k), Sauces and Seasonings ($28.7k), and Rubber Tires ($28.6k). In July 2024 the top imports of Philippines from Oman were Gypsum ($304k), Propylene Polymers ($210k), Prepr binder for foundry ($25.3k), Ethylene Polymers ($25.2k), and Refined Petroleum ($22k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Oman was explained primarily by an increase in product exports in Aircraft parts (gliders, balloons, and powered... ($71.9k or 1.15k%), Pasta ($24.6k or 504%), and Baked Goods ($11.9k or 13.4%). In July 2024, the increase in Philippines's year-by-year imports  from Oman was explained primarily by an increase in product imports  in Refined Petroleum ($4.84k or 28.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$657k(93.1%)
IMPORT GROWTH (July 2023 - July 2024)$66.5k(26.7%)

This section shows exports and imports data at subnational level for Philippines. Click any date in the line plot or any product to explore the exports or imports behavior of Philippines over time.

To check Oman and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $20M to Oman. The main products exported from Philippines to Oman were Orthopedic Appliances ($3.39M), Broadcasting Equipment ($3.11M), and Low-voltage Protection Equipment ($798k). During the last 5 years the exports of Philippines to Oman have increased at an annualized rate of 8.73%, from $13.2M in 2018 to $20M in 2023.

In 2018, Oman exported $141M to Philippines. The main products exported from Oman to Philippines were Petroleum Gas ($114M), Semi-Finished Iron ($14.8M), and Gypsum ($4.8M). During the last 5 years the exports of Oman to Philippines have increased at an annualized rate of 10.9%, from $83.9M in 2023 to $141M in 2018.

Exports from Philippines (Flag) to Oman (Flag) (2023)

Exports from Oman (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Oman
Top DestinationChina$30.2B

This map shows whether countries import more from Philippines or Oman. Each country is colored based on the difference in imports they receive from Philippines and Oman or the difference in the growth in imports.

In 2023, countries that imported more from Philippines than Oman included Hong Kong ($11.7B), United States ($13.3B), and Japan ($11.4B).

In 2023, countries that imported more from Oman than Philippines included China ($30.2B), Saudi Arabia ($3.64B), and India ($4.5B).

Difference in imports from Oman (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - Oman

Flow
Scale

This chart compares trade between Philippines and Oman by product, considering products traded by both, Philippines and Oman.

During 2023, Philippines had a large net trade with Oman in the exports of Machines ($8.13M), Instruments ($4.66M), and Foodstuffs ($2.48M).

During 2018, Oman had a large net trade with Philippines in the exports of Mineral Products ($119M), Metals ($14.8M), and Plastics and Rubbers ($4.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Oman+$2.06MTelephones
Top Product Potential Oman Philippines+$3.36MEthylene Polymers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and Oman. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Oman (Flag) (2023)

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